Norway - Current Account Balance




Norway: Current Account Balance

Mnemonic TAB.INOR
Unit Mil. NOK, NSA
Adjustments Not Seasonally Adjusted
Quarterly 38.99 %
Data 2022 Q4 361,204
2022 Q3 592,003

Series Information

Source Statistics Norway
Release International accounts [BOP, IIP]
Frequency Quarterly
Start Date 3/31/1981
End Date 12/31/2022

Norway: Trade

Reference Last Previous Units Frequency
Balance of Goods Feb 2023 79,287,673 99,881,794 Ths. NOK, NSA Monthly
Exports of Goods Feb 2023 157,196,585 175,846,096 Ths. NOK, NSA Monthly
Imports of Goods Feb 2023 77,908,912 75,964,302 Ths. NOK, NSA Monthly
Current Account Balance 2022 Q4 361,204 592,003 Mil. NOK, NSA Quarterly
Exports of Goods and Services 2022 Q4 780,666 870,592 Mil. NOK, CDASA Quarterly
Imports of Goods and Services 2022 Q4 412,139 397,348 Mil. NOK, CDASA Quarterly
Real Exports of Goods and Services 2022 Q4 319,081 321,599 Mil. 2020 NOK, CDASA Quarterly
Real Imports of Goods and Services 2022 Q4 333,888 325,393 Mil. 2020 NOK, CDASA Quarterly
Net Exports 2020 Q3 -12,046 -11,484 Mil. NOK, CDASA Quarterly
Real Net Exports 2019 Q1 -1,224 -611 Mil. Ch. 2016 NOK, CDASA Quarterly

Release Information

Description

The Balance of Payments statistics describe economic transactions between residents of Norway and non-residents. They are an integrated part of the National Accounts using the same principles and definitions, and give an exact mirror image of the sector "Rest of The World" in the National Accounts.

Methodology

The Norwegian Balance of Payments is presented in accordance with the latest internationally approved guidelines, as specified in the IMF's "Balance of Payments Manual, 6th edition" (BPM6), which uses principles and definitions as per the UN-IMF manual "System of National Accounts 2008" (SNA 2008), and the EU's manual "European System of Accounts 2010" (ESA 2010).

The Balance of Payments consists of three main parts:

  • Current account - shows current transactions with the rest of the world: exports and imports of goods and services, compensation of employees, investment income and expenditure, current transfers.
  • Capital account - shows capital transactions
  • Financial account - records investment transactions in the form of purchases and sales of financial instruments.

Revisions

Revised annual data are published about 11 months after the accounting year, and final annual data about 23 months after. Quarterly data are subsequently reconciled with the final annual data.

Notes